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UAE Halts Trade with Iran After Missile Attack | Charlotte News
The UAE just slapped Iran with a full trade and financial embargo after accusing Tehran of launching ballistic missiles into the Persian Gulf — the first such warning in weeks. While Iran denies firing anything toward the UAE, tensions are escalating amid ongoing accusations that Iran is targeting ships in the Strait of Hormuz, a vital global oil chokepoint. This move marks a major economic blow to Iran, which already struggles under U.S. sanctions and a crippling blockade, pushing inflation higher and shrinking its economy. The UAE, once Iran’s top trading partner, now says all commercial…
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